Wealthtech Startup Infinyte.Club Raises $3.6M from Elevation Capital and Others

ABSTRACT

The Bengaluru-based startup plans to use the fresh capital to expand its tech stack and grow its team

The round also saw participation from a number of angel investors, including CRED founder Kunal Shah, Meesho co-founder Vidit Aatrey, Unacademy CEO Gaurav Munjal, invideo CEO Sanket Shah, ACKO founder Varun Dua and Razorpay co-founder Harshil Mathur.

The platform, launched by Tandon and Saldanha in 2023, allows members to track their assets, manage their stock portfolios and unlock the value of their stock options

Wealthtech startup Infinyte.Club has raised $3.6 Mn (INR 30.2 Cr) in a seed funding round led by Elevation Capital.

The Bengaluru-based startup plans to use the raised capital to expand its technology park and expand its team.

Infinyte.Club, designed to create and manage wealth for tech workers and startups, has officially launched its beta version. The platform offers access to private investment opportunities and addresses the liquidity of ESOPs (employee stock ownership plan) for early employees of leading Indian startups.

“Our product is designed to grow with our members, who are the brightest and brightest minds in the country. We believe that this group of intelligent investors needs products that match their level of creativity and acumen. We want to ensure that these talented individuals, who have played a key role in building the startup landscape, are fully equipped to leverage their contributions to this evolving technology landscape and realize their wealth ambitions,” Infinyte.Club co-founders Ankita Tandon and Joylita Saldanha said in a joint statement.

The platform, launched by Tandon and Saldanha in 2023, allows members to track assets, manage stock portfolios and unlock the value of stock options. In its private beta phase, Infinyte.Club claims to have closed more than 40 primary and secondary trades.

It democratizes access to private capital and assets in the marketplace traditionally reserved for the 1%. By offering a portfolio of private equity companies, it fills a gap for investors and provides liquidity solutions for ESOP holders. The platform currently tracks over $150 million in ESOPs.

(Story will be updated soon)